Liquidity Services (NASDAQ:LQDT) Hits New 1-Year High – Here’s What Happened

Liquidity Services, Inc. (NASDAQ:LQDT) shares hit a new 52-week high on Tuesday . The company traded as high as $36.96 and last traded at $36.95, with a volume of 7625 shares. The stock had previously closed at $36.47.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LQDT shares. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st. Craig Hallum upped their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Barrington Research reissued an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a report on Tuesday, December 10th.

Liquidity Services Stock Down 1.5 %

The company has a market capitalization of $1.14 billion, a P/E ratio of 58.78 and a beta of 1.37. The stock has a fifty day simple moving average of $31.19 and a 200-day simple moving average of $25.39.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, December 12th. The business services provider reported $0.32 earnings per share for the quarter. Liquidity Services had a return on equity of 18.99% and a net margin of 5.50%. During the same period last year, the firm earned $0.26 earnings per share.

Insider Activity at Liquidity Services

In related news, Director Jaime Mateus-Tique sold 50,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the sale, the director now owns 103,660 shares of the company’s stock, valued at approximately $3,443,585.20. This trade represents a 32.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edward Kolodzieski sold 26,000 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.29, for a total value of $813,540.00. Following the completion of the sale, the director now owns 19,229 shares of the company’s stock, valued at $601,675.41. This trade represents a 57.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,668 shares of company stock valued at $3,331,558 over the last quarter. Corporate insiders own 29.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in Liquidity Services by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 37,110 shares of the business services provider’s stock valued at $741,000 after acquiring an additional 4,037 shares in the last quarter. Sei Investments Co. lifted its position in Liquidity Services by 9.2% during the 2nd quarter. Sei Investments Co. now owns 198,886 shares of the business services provider’s stock worth $3,974,000 after buying an additional 16,736 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Liquidity Services by 5.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock valued at $978,000 after acquiring an additional 2,430 shares during the period. SG Americas Securities LLC bought a new position in shares of Liquidity Services in the third quarter valued at about $298,000. Finally, GAMMA Investing LLC lifted its position in Liquidity Services by 29.9% during the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after acquiring an additional 1,005 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.